2 months ago
MicroStrategy acquired 6,911 BTC for $584 cardinal during the latest dip, pushing its full Bitcoin holdings beyond 500,000, according to a caller SEC filing.
Michael Saylor’s Strategy has acquired implicit $500 cardinal worthy of Bitcoin arsenic organization involvement and exchange-traded money (ETF) inflows marque a comeback.
Strategy acquired 6,911 Bitcoin (BTC) for implicit $584 cardinal betwixt March 17 and March 23 astatine an mean terms of $84,529 per coin, according to a March 24 filing with the US Securities and Exchange Commission (SEC).
Source: US SEC
Following the latest acquisition, the institution present holds much than 500,000 Bitcoin, with a full of 506,137 Bitcoin acquired astatine an aggregate acquisition terms of astir $33.7 cardinal and an mean acquisition terms of astir $66,608 per Bitcoin, inclusive of fees and expenses.
The milestone comes a time aft Strategy co-founder Michael Saylor hinted astatine an impending Bitcoin concern aft the institution announced the pricing of its latest tranche of preferred stock connected March 21.
The preferred banal was sold astatine $85 per stock and featured a 10% coupon. According to Strategy, the offering should bring the institution astir $711 cardinal successful revenue.
Related: Michael Saylor’s Strategy to rise up to $21B to acquisition much Bitcoin
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